Overpayment Addict

DeterminedSingleMummy

Hi randonnerdery, I thought that the mortgage end date that was agreed was the day that my mortgage would end. I didn't know about overpayments until this forum and am doing everything I can to reduce the term

Total for May

1. Ebae earnings May £97.60 (16 items)!
2. Surveys/mystery shopping - (£0.30 can't cash this out so I won't count this in this month)
3. Interest/Cashback from 123 account - £11.33
4. Other cashback - £26.67!
5. Savings from weekly budget - £30.88
6. Overtime in work £0 (next payday is 2nd June)
7. Other £55 (£30 TCB uswitch energy and £25 from helping friend)!

Santander 5% regular saver will be paid in March 2018.(£64.33)
HSBC regular saver at 5% will be paid in May 2018. (£81.25)

EBae target £215.35/£180 for DDs swimming lessons until the end of this year achieved in two months the extra £35.35 Will go towards overpayment pot! Yay!

Other earnings total up to £123.88 plus the £35.35 eBay excess is £159.23.

£192.14/£221(remaining overpayment figure for this year) before extra money goes towards next year's overpayment target.

Current Mortgage end date August 2027
Original Mortgage end date December 2031

I hope all of that made sense to everyone...

X

Thisgirlcan_2

This is amazing, well done!


I'm desperate to start overpaying and my husband is keen but doesn't think it's possible :wall: and he doesn't want to switch to a lower rate % either.

....So I'm going rogue :rotfl:

Really inspired by your overpayments and calculations so far!

DeterminedSingleMummy

Hi TGC. Why doesn't he want to switch to a lower % and pay less money? Is he mad lol I know a lot of people in work can't understand overpaying mortgage so that's why this forum is great

Earnt £8 cashback on my creditcard which will be paid at the end of June so that's a good start to June's figures.

Managed to pick up a lovely steak for dinner too for £1 love my yellow stickers lol

Maybe doing some more overtime tomorrow. Trying to get as much as I can before the school holidays and hopefully it'll balance out over the months.

Xx

Thisgirlcan_2

Fab! I do like yellow stickers too although my freezers are so full at the moment I must not pick up anything else!

I don't know, i find it frustrating. He thinks the rates will go up after, higher than now. Weve even done it all with the broker and he's just sat on the paperwork so that's that really.
I'm just going to start overpaying and then explain that if we reduce the rates and can overpay even more he can retire even earlier 😂

DeterminedSingleMummy

Surely of he thinks rates are going to increase then overpaying now is better so your balance will be lower when the rate increases? Some people just don't want to overpay their mortgage, I've had many debates with people about pros and cons of it. I suppose it's just personal opinions lol

My freezer is full too but when u see really good quality meat for cheap I can't resist but buy it and freeze lol

Mortgage is now under 50k yay!!! :T:j:T:j:T:j 49809 to be exact! Couldn't see the interest on my online banking today so will check tomorrow to see how much it has gone down by.

Payday is tomorrow and I've checked my payslip and there is £70 extra which will go towards op

Lovely day today hope everyone is enjoying their week

Xx

DeterminedSingleMummy

1. Ebae earnings June
2. Surveys/mystery shopping - (£0.30 can't cash this out so I won't count this in this month)
3. Interest/Cashback from 123 account - £3.63
4. Other cashback - £8.86 ( I think)
5. Savings from weekly budget - 0
6. Overtime in work £70
7. Other

Santander 5% regular saver will be paid in March 2018.(£64.33)
HSBC regular saver at 5% will be paid in May 2018. (£81.25)

EBae target £215.35/£180 for DDs swimming lessons :starmod: complete
Other target £192.14/£221(remaining overpayment figure for this year) (ok to end of May

Current Mortgage end date August 2027
Original Mortgage end date December 2031


Just checked my Interest and it's gone down to £83.78. While I was there I made a list of Interest from January

Jan £95.78
Feb £95.19
March £93.71
April £90.09
May £86.44
June £83.78

My balance at 1 Jan was 57k and I've overpaid by 10%. Today the balance is 49k and it's really nice to see the interest go down :j:j:j

SuperSecretSquirrel

Welcome to the sub-50k club! You are doing great

DeterminedSingleMummy

First Ebae sale of the month gone thru and paid for an item which has been relisted 7 times. Hasn't cost me any money to relist the item only final value fee once the item sold. I currently have 17 items listed (all these items are relisted items that havnt sold previously) I need to get some new items up! But in the meantime I will just relist everything until it sells.

I'm still really that my balance is under 50k. :T By January the balance should be around £47k and hoping I would have saved up £4700 (10%) to overpay in January. Need to keep reminding myself this to get motivated to list things on Ebae that would bring the balance down to £42k in January after max OP! I don't think I will manage to save £4700 in the next 6 months. But will def be focusing on saving every single penny I can to be as close to £4700.

I do have a lottery ticket in my wallet that I havnt checked so maybe I could already be a millionaire:rotfl::rotfl::rotfl:

DeterminedSingleMummy

NSD today :T:T:T because I didn't leave the house. :D:D Lazy day watching tv and playing with lego with DD. Happy daughter, happy mummy

Another item sold last night with a last minute bid so two items sold and its only the 3rd day of June

Some new cashback offers on my creditcard in store that I normally shop at so I just have to remember to plan to do one big shop rather than a few small ones. Or I might buy a gift card for the store to get the cashback and then use the gift card when I normally shop there...

DD found 7p on the floor yday when we were out and about... she's told me shes going to keep her eyes opens to find enough money to go Disneyland :rotfl::rotfl::rotfl:

Hope everyone has had a good weekend!

Xx

DeterminedSingleMummy

Only 5 days into the month and here are the numbers so far I've listed a few more items On Ebae last night and now have a total of 22 items active.

1. Ebae earnings June!£8.05
2. Surveys/mystery shopping - (£0.30 can't cash this out so I won't count this in this month)
3. Interest/Cashback from 123 account - £3.63
4. Other cashback - £8.86 ( I think)
5. Savings from weekly budget - £7.13
6. Overtime in work £70
7. Other!

Santander 5% regular saver will be paid in March 2018.(£64.33)
HSBC regular saver at 5% will be paid in May 2018. (£81.25)

EBae target £215.35/£180 for DDs swimming lessons!!complete!
Other target £192.14/£221(remaining overpayment figure for this year) (ok to end of May

Current Mortgage end date August 2027
Original Mortgage end date December 2031